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NETEDD Revolving Loan Fund

The North East Texas Economic Development Development  Revolving Loan Fund is for private industry in Northeast Texas.  The fund has the following loan terms:
  • Loan amounts of a minimum of  $10,000 and a maximum of  greater than $300,000
  • Loan terms of 5-20 years
  • Interest rate is fixed over the life of the loan
  • Collateral includes real estate, equipment and accounts receivable
  • Purpose of the loan may be inventory, working capital, equipment and real estate
  • Equity injection of 25% is usually required
  • The job/loan ratio is 1/$35,000